Bahrain could be pit-stop to Dubai on golf map


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Colin Montgomerie is pushing the golf course he has designed in Bahrain as a future European Tour venue and sees it as the stage for an ideal preparation tournament for the $US10m (Dh36.7m) Dubai World Championship each November. "I don't think it will be long before we have five tournaments in the Gulf region," Montgomerie said as he overlooked the driving range at the course named after him in Dubai.

"The existing three at the start of the year [Abu Dhabi, Doha and Dubai] have been joined by the exciting Dubai World Championship at the end of the year, so it's logical to have another one in this region leading up to it. "Let's hope in the years to come we can fit in Bahrain. That would be perfect in my view." Monty, one of Europe's most successful golfers despite never having won one of the four major championships, made no attempt to disguise his vested interest in taking his fellow professionals to Riffa Views, otherwise known as the Royal Course.

"This area is becoming a hotbed for golf and is already a global centre for other things and I expect the trend to continue. Now instead of having to go west for top golf to the United States, leading players are starting to go east. We have the richest tournament in the world here in Dubai." Riffa Views reopened under a Montgomerie redesign in November with a cosmopolitan launch party. The former US Open champions Retief Goosen, of South Africa, and New Zealand's Michael Campbell along with the new Colombian prospect Camilo Villegas made up a first-footing fourball with Montgomerie. "We had a great time," the Scot said.

Monty is as proud of his Bahrain development as he is of The Montgomerie Dubai - TMD as it has become known. "Originally it was going to be called Emirates Hills but they thought Montgomerie had a nice ring to it and I'm glad they did." He recalled the process of changing what he called a heap of stand into the 7,396-yard stretch of sporting terrain it has now become. "I was involved in the development of the course," he said. "We knew this was going to be a model to go forward."

He was brave enough to declare his dissatisfaction with the closing hole at TMD. "When I designed the 18th, the second lake in front of the green was not meant to be there," he said. "It is not just a lake it's a sea. It was meant to be a bunker. But we needed more irrigation so in went the lake." @Email:wjohnson@thenational.ae

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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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